Congratulations, folks! At least half-a-million of you soon won’t be “stuck in a job” anymore…
(via Reuters) – “…Raising the U.S. federal minimum wage to $10.10, as President Barack Obama and Democrats in Congress are proposing, could result in about 500,000 jobs being lost by late 2016, the Congressional Budget Office (CBO) estimated on Tuesday…”
Like a towering regulatory tsunami, our benevolent Federal Government is sending a huge wave of brand new regulations crashing across the nation. And getting to higher ground won’t help matters, I’m afraid.
It’s been a busy year for our Federal Busybodies. Among the hundreds of brand new directives, they’ve added the FDA’s proposed ban of trans fats, the FTC’s new rule on the Hart-Scott-Rodino procedures for pharmaceutical companies, and the EPA revealing that they’re planning on rolling out 134 new environmental regulations in 2014 (which was announced on the day before Thanksgiving, so it would go largely unnoticed. Nice…).
But for a taste of just how petty and nonsensical some of these new regs are, I’ve got a doozy that’s received scant attention from the media.
It seems that our government wishes to “protect” us from the unscrupulous business practices of …your local piano teacher:
Posted in freedom, government, politics
Tagged EPA, FDA, Federal Government, FTC, government, Milton Friedman, MTNA, Music Teachers National Association, piano teachers, politics, regulation
Didn’t have a chance to see this until last night, but it’s so groan-worthy that I’m compelled to address it.
Newly elected Senator Elizabeth “Me-A-Heap-Big-Injun” Warren decided to pontificate on the Minimum Wage.
From National Review:
In a hearing of the Senate Committee on Health, Education, Labor and Pensions last week on “indexing the minimum wage,” Massachusetts senator Elizabeth Warren inquired of University of Massachusetts professor economics Arindrajit Dube:
Posted in Economy, Education, government, politics
Tagged business, current-events, Economics, education, Elizabeth Warren, Milton Friedman, minimum wage, politics